Budget 2025: Wage hike and EPF a burden, say manufacturers
PETALING JAYA: The recent minimum wage increase, combined with the planned implementation of Employees Provident Fund (EPF) contributions for foreign workers, poses a significant financial burden for businesses, says the Federation of Malaysian Manufacturers. FMM president Tan Sri Soh Thian Lai expressed concerns that these measures could severely affect operating costs, particularly for companies heavily reliant...